Egypt’s new stamp duty on stock exchange transactions will come into effect in May and include for the first time a 0.3 percent levy for investors acquiring more than a third of a company’s stocks, deputy finance minister Amr al-Munayer said.
The finance ministry is targeting revenues of 1-1.5 billion Egyptian pounds ($54.8 million-$82.2 million) in the first year of the new tax, he told Reuters. The duty will also be applied to purchases of treasury bills and bonds, he said.
Egypt targets around 5 pct growth rate in FY 2017-18Egyptian Planning Minister Hala al-Saeed said on Sunday that the government is ... Economy
Egypt’s Sisi to visit Washington in first week of AprilEgyptian President Abdel Fattah al-Sisi will make his first state visit to ... Middle East
How a Facebook video helped solve murder mystery in EgyptA video posted on Facebook by an Egyptian woman helped solve the murder mystery of ... Digital
Colossus found in Egypt may have depicted famed pharaoh Psammetich IAn ancient colossus uncovered in Cairo last week may have depicted the famed ... Middle East